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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Unit 3 Challenges 1

Unit 3 Challenges 1

Q 1. Leah uses online spreadsheets and investment portfolio management tools to keep track of her different investments in various financial products. Which skill does Leah use in the given scenario? 2. Which of the following loan options will require the borrower to pay a high fee along with a high rate of interest applied on the loaned amount? 3. Daniel urgently requires $500 because of a sudden leakage in the roof of his house. Which of the following would be a productive financial decision for Daniel? 4. Which of the following is a feature of a direct unsubsidized loan? 5. • Naveen opts to buy a car. After doing his research, he identifies a vehicle model suitable for him. Keeping in mind the steps involved in purchasing a vehicle, what should Naveen's next step be?

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1. The technology skill is the ability to confidently and efficiently use technologies to complete goals and tasks and maintain a competitive advantage. 2. A payday loan offers fewer protections for the consumer and can result in outrageous interest rates and exorbitant fees. 3. Since Daniel has a cash flow problem and needs a short-term loan to cover a few bills, he should get a personal line of credit.